On November 16, 2021, Granahan Investment Management, Inc. announced it had received a minority investment from Seward & Kissel client Kudu Investment Management, LLC.
Under the terms of the transaction, Kudu Investment Management, LLC (“Kudu”) acquired a minority interest in Granahan Investment Management, Inc. (“GIM”). GIM will retain control of its own operations and over 75% of the firm’s equity will be held by its employees. Further terms of the deal were not disclosed.
Kudu, based in New York, is a registered investment advisor that specializes in minority equity investments in asset management firms, wealth management firms, and pooled investment vehicles in the United States, United Kingdom, and Canada. Kudu’s partners include B|O|S, TIG Advisors, Versus Capital and Fair Oaks Capital. A Seward & Kissel team led by partners Jim Abbott, Jonathan Brose and Anne Patin and associate Maria Rivera-Diaz represented Kudu in connection with the transaction.
Granahan, based in Waltham, Massachusetts, is an investment manager specializing in small cap growth equity investments. GIM has $5.8 billion in assets under management. Colchester Partners LLC served as financial advisor to GIM on the deal.
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